| Federal
Gift Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
| n | Allows
a tax-free $10,000 per person gift from |
|||||||||||
| each
person to each beneficiary per year. |
||||||||||||
| n | Note
that the $10,000 limit is per person to each |
|||||||||||
| beneficiary
(donee). So a husband and wife family |
||||||||||||
| with
three children can give out a total of $60,000 |
||||||||||||
| a
year to their children without incurring tax. That |
||||||||||||
| is,
each parent can give each child $10,000 per |
||||||||||||
| year
tax free. |
||||||||||||